The latest development in the business landscape is the emergence of Bain Capital as the leading bidder in the ongoing negotiations to purchase Adani Capital. As the negotiations come to a close, Bain has emerged as the preferred bidder, surpassing other potential buyers such as Carlyle Group. The acquisition would enable the billionaire entrepreneur to refocus on core infrastructure initiatives while preserving cash resources.
Adani Capital is currently owned by 90% of the conglomerate conglomerate, with the remaining remaining 10% belonging to the management team, which was established in 2016. The acquisition comes after several months of speculation surrounding the sale of the shadow bank, which has been in the market for a number of private equity groups. On July 10, reports emerged suggesting that the three PE firms vying for the acquisition were Bain Capital, Carlyle, and TPG Capital. As negotiations progress, the bid from Bain Capital is expected to be the most attractive for both parties.
